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20121121
20121121
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to withdraw. thousands of refugees fled today as the rebels pushed into the city. some 1,500 u.n. peacekeepers and armor stood aside, and did not try to block the advance. congo has accused neighboring rwanda of backing the rebels in an effort to control the region's mineral wealth. federal prosecutors in new york announced charges today in what could be the single biggest insider trading payoff ever. mathew martoma allegedly used confidential information about an alzheimer's drug to make more than a quarter-billion dollars. at the time, in 2006, he managed a hedge fund portfolio. for more, we turn to david voreacos of bloomberg news. >> thank you for having me. sreenivasan: first off how did this alleged scream work. what kind of information was being traded? >> well, the prosecutors today in new york allege that a hedge fund advisor at f.a.c. capital advisors in connecticut which is run by billionaire steve cohen gathered inside information about an alzheimers cli.$kal drug trial that was being conducted. based on that information he built a position of $700 million in the two drug companies
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